Don’t “Buyback” Fair Labor Standards
Why the Schumer/Sanders bill on stock buybacks isn’t a very good instrument for improving labor rights and work standards.
Read more...Category Archives: Market inefficiencies
How Imperfect Knowledge Shapes Financial Markets
A discussion of various theories of how financial markets set prices.
Read more...How the Peak Oil Story Could Be “Close,” But Not Quite Right
An in-depth look at the “peak oil” thesis and how well its predictions are playing out.
Read more...Marshall Auerback: In Antitrust, Size Isn’t Everything
Simply breaking up monopolies via century-old economic remedies recommended by antitrust doctrine is insufficient if it is not accompanied by a rebalancing of economic power.
Read more...Ray Dalio: Capitalism Isn’t Working
A squillionaire critique of capitalism. Funny how they decry inequality but won’t give all their money away to help remedy that.
Read more...Stumped by the Stock Market Slump? Start by Picturing a Used Car Dealership
Trading stocks can be a lot like buying a used car.
Read more...Global Uncertainty Is Rising, and That is a Bad Omen for Growth
The World Uncertainty Index reveals how uncertainty in the world has evolved over time, whether it is synchronised across countries, and how it compares across income groups and political regimes.
Read more...Why I Have Given Up on Powell’s Books
My inability to place an online order at Powell’s Books despite multiple attempts says something is very wrong.
Read more...Marshall Auerback: Apple Has an Early Case of GE’s Disease
Silicon Valley stars like Apple suffer from financialization—the same ailment that felled GE and Lucent.
Read more...Market Failure in Kidney Exchange
Within the US, the majority of kidney exchanges continue to be performed within hospitals, suggesting a fragmented market that comes at a large efficiency cost. National platforms may need to be redesigned to encourage full participation, with reimbursement reform.
Read more...Market Power, Low Productivity, and Lagging Wages: The Real Drivers
To understand labor productivity—and growing inequality—you have to look at the “dual economy”
Read more...Richard Murphy: “First, Let’s Kill All the Accountants” – On Accounting’s Systemic Failure
Why taking accounting for granted is a really bad idea.
Read more...Michael Hudson: Life and Thought – An Autobiography
Michael Hudson discusses his life as a young Communist intellectual, how he became interested in economics and finance, his life in academia, and his recent work on rentier capitalism and debt jubilees.
Read more...The Missing Profits of Nations
Profit shifting is a key driver of the decline in global average statutory corporate tax rate, which has fallen by more than half
Read more...Did Small-Time City Operator Nigel Farage Trade His Way Into a Fortune in the Brexit Vote?
Hedgies made hundreds of millions speculating on the British pound the night of Brexit. Did Brexiteer Nigel Farage help them do it?
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